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 New Zealand
 Trans-Pacific Partnership

New Zealand is a Key U.S. Export Market

  • New Zealand's economy is valued at $172.2 billion*
  • $3.6 billion in goods in 2015 were exported from the United States to New Zealand
  • 12,182 U.S. companies exported goods to New Zealand in 2014 – 87.5% were small and medium-sized companies
  • 17,516 U.S. jobs supported by goods exports to New Zealand and 15,250 U.S. jobs supported by exports in 2015

TPP Will Eliminate All Foreign Import Taxes on Industrial and Consumer Goods in the Top Export Sectors in New Zealand for U.S. Exporters

Before TPP

After TPP

Machinery


$382 Million
In Exports
To New Zealand

5% Current Maximum Tariff
in Sector


93.4%
of U.S. Goods Exports will be
Duty–Free Immediately
in New Zealand

Chemicals


$312 Million
In Exports
To New Zealand

10% Current Maximum Tariff
in Sector


83.2%
of U.S. Goods Exports will be
Duty–Free Immediately
in New Zealand

Automotive
Products

$267 Million
In Exports
To New Zealand

10% Current Maximum Tariff
in Sector


99.3%
of U.S. Goods Exports will be
Duty–Free Immediately
in New Zealand

Health
Products

$180 Million
In Exports
To New Zealand

10% Current Maximum Tariff
in Sector


99.5%
of U.S. Goods Exports will be
Duty–Free Immediately
in New Zealand

Consumer
Goods

$137 Million
In Exports
To New Zealand

10% Current Maximum Tariff
in Sector


86.4%
of U.S. Goods Exports will be
Duty–Free Immediately
in New Zealand


TPP Works for America

2,991,102:

Jobs Supported by Goods Exported to TPP countries in 2015
$679.6 Billion:

2015 Total
U.S. Goods
Exported to
TPP Countries
174,331:

U.S. Companies
Exported Goods to
TPP Countries in 2014
97%:

SME share of U.S. Goods-Exporting
Companies to TPP Countries in 2014
30%:

SME share of U.S. Goods Exports to TPP Countries in 2014

Market Opportunity Spotlights

Information and Communication Technology (ICT):

The ICT sector, including subsectors telecommunications, IT hardware, IT software, IT services, Internet services and wireless technologies, is viewed as a key tool by the New Zealand Government to increase local productivity and enhance innovation. U.S. brands are highly visible and enjoy a high receptivity by New Zealanders. U.S. suppliers of hardware represent approximately 50% of New Zealand's ICT imports. Increased demand is forecasted to follow international technology trends and mirror population increases.

Medical Equipment:

New Zealand’s healthcare system comprises public, private, and voluntary sectors that coordinate with each other to provide and fund healthcare for its population. U.S. exports of health products to New Zealand totaled $186 million in 2014, which makes this sector the fourth largest industrial goods export sector for U.S. companies. U.S. exports of medical equipment are a major sub-sector within the health products sector, totaling $111 million in 2014. Currently U.S. exports of health products face maximum tariffs of up to 10%. TPP will enhance the competitiveness of U.S. exports of health products by eliminating all duties on 99.5% of U.S. exports of health products once TPP goes into force.

* 2015 Nominal GDP
** TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam
*** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam

 


 

 

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